Intercontinental Exchange Inc. (NYSE:ICE) Receives $183.33 Consensus PT from Analysts

Intercontinental Exchange Inc. (NYSE:ICE) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $183.3333.

A number of brokerages recently weighed in on ICE. Raymond James Financial set a $208.00 price target on shares of Intercontinental Exchange in a research report on Monday, July 6th. Morgan Stanley reduced their target price on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Weiss Ratings upgraded shares of Intercontinental Exchange from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Rothschild & Co Redburn set a $177.00 price target on Intercontinental Exchange in a research report on Thursday, June 11th.

Insider Buying and Selling

In other news, Director Sharon Bowen sold 667 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $151.28, for a total value of $100,903.76. Following the transaction, the director owned 15,077 shares of the company’s stock, valued at approximately $2,280,848.56. The trade was a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $156.64, for a total value of $390,033.60. Following the sale, the chief financial officer owned 25,189 shares of the company’s stock, valued at $3,945,604.96. This trade represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,425 shares of company stock worth $2,046,324. 0.84% of the stock is currently owned by insiders.

Institutional Trading of Intercontinental Exchange

Several hedge funds have recently made changes to their positions in ICE. HBK Sorce Advisory LLC purchased a new stake in shares of Intercontinental Exchange in the second quarter valued at about $239,000. Tulsa Wealth Advisors INC purchased a new position in Intercontinental Exchange during the second quarter worth about $239,000. J.Safra Asset Management Corp acquired a new stake in Intercontinental Exchange in the second quarter valued at about $44,000. Flputnam Investment Management Co. acquired a new stake in Intercontinental Exchange in the second quarter valued at about $13,395,000. Finally, Global Retirement Partners LLC purchased a new stake in Intercontinental Exchange in the 2nd quarter valued at approximately $1,051,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Down 0.0%

Shares of NYSE:ICE opened at $149.77 on Tuesday. The firm’s 50 day moving average price is $139.47 and its 200 day moving average price is $152.99. The stock has a market cap of $84.08 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92. Intercontinental Exchange has a fifty-two week low of $121.79 and a fifty-two week high of $189.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. Intercontinental Exchange had a net margin of 30.08% and a return on equity of 14.95%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the previous year, the business posted $1.81 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange will post 8.08 earnings per share for the current fiscal year.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.